Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Sep. 30, 2022

Accumulated Other Comprehensive Income (Loss)

12. Accumulated Other Comprehensive Income (Loss):

The following tables set forth the changes in accumulated other comprehensive income (loss) by component for the periods indicated:


	For the three months ended September 30, 2022
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total

	(In thousands)

Beginning balance, net of tax	$	(50,133)	$	18,260	$	(1,313)	$	1,922	$	(31,264)

Other comprehensive income before reclassifications, net of tax		(22,797)		7,480		—		(414)		(15,731)

Amounts reclassified from accumulated other comprehensive income, net of tax		—		710		(9)		—		701

Net current period other comprehensive income, net of tax		(22,797)		8,190		(9)		(414)		(15,030)

Ending balance, net of tax	$	(72,930)	$	26,450	$	(1,322)	$	1,508	$	(46,294)


	For the three months ended September 30, 2021
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total

	(In thousands)

Beginning balance, net of tax	$	485	$	(9,202)	$	(1,741)	$	2,041	$	(8,417)

Other comprehensive income before reclassifications, net of tax		(2,645)		179		—		58		(2,408)

Amounts reclassified from accumulated other comprehensive income, net of tax		7		1,812		72		—		1,891

Net current period other comprehensive income (loss), net of tax		(2,638)		1,991		72		58		(517)

Ending balance, net of tax	$	(2,153)	$	(7,211)	$	(1,669)	$	2,099	$	(8,934)


	For the nine months ended September 30, 2022
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total

	(In thousands)

Beginning balance, net of tax	$	(6,272)	$	(1,406)	$	(1,282)	$	2,276	$	(6,684)

Other comprehensive income before reclassifications, net of tax		(66,658)		23,657		—		(768)		(43,769)

Amounts reclassified from accumulated other comprehensive income, net of tax		—		4,199		(40)		—		4,159

Net current period other comprehensive income (loss), net of tax		(66,658)		27,856		(40)		(768)		(39,610)

Ending balance, net of tax	$	(72,930)	$	26,450	$	(1,322)	$	1,508	$	(46,294)


	For the nine months ended September 30, 2021
	Unrealized Gains		Unrealized Gains
	(Losses) on		(Losses) on				Fair Value
	Available for Sale		Cash flow		Defined Benefit		Option Elected
	Securities		Hedges		Pension Items		on Liabilities		Total

	(In thousands)

Beginning balance, net of tax	$	1,290	$	(17,521)	$	(1,884)	$	1,849	$	(16,266)

Other comprehensive income before reclassifications, net of tax		(3,365)		4,885		—		250		1,770

Amounts reclassified from accumulated other comprehensive income, net of tax		(78)		5,425		215		—		5,562

Net current period other comprehensive income (loss), net of tax		(3,443)		10,310		215		250		7,332

Ending balance, net of tax	$	(2,153)	$	(7,211)	$	(1,669)	$	2,099	$	(8,934)

The following tables set forth significant amounts reclassified from accumulated other comprehensive income (loss) by component for the periods indicated:


For the three months ended September 30, 2022
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Cash flow hedges:
Interest rate swaps	$	(1,030)		Interest expense
		320		Provision for income taxes
	$	(710)		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	6	⁽¹⁾	Other expense
Prior service credits		7	⁽¹⁾	Other expense
		13		Total before tax
		(4)		Provision for income taxes
	$	9		Net of tax

(1)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 (“Pension and Other Postretirement Benefit Plans”) for additional information


For the three months ended September 30, 2021
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)

Unrealized losses on available for sale securities	$	(10)		Net loss on sale of securities
		3		Provision for income taxes
	$	(7)		Net of tax

Cash flow hedges:
Interest rate swaps	$	(2,640)		Interest expense
		828		Provision for income taxes
	$	(1,812)		Net of tax

Amortization of defined benefit pension items:
Actuarial losses	$	(125)	⁽¹⁾	Other operating expenses
Prior service credits		21	⁽¹⁾	Other operating expenses
		(104)		Total before tax
		32		Provision for income taxes
	$	(72)		Net of tax

(1)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 (“Pension and Other Postretirement Benefit Plans”) for additional information


For the nine months ended September 30, 2022
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)
Cash flow hedges:
Interest rate swaps	$	(6,117)		Interest expense
		1,918		Provision for income taxes
	$	(4,199)		Net of tax
Amortization of defined benefit pension items:
Actuarial losses	$	18	⁽¹⁾	Other expense
Prior service credits		21	⁽¹⁾	Other expense
		39		Total before tax
		1		Provision for income taxes
	$	40		Net of tax

(1)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 (“Pension and Other Postretirement Benefit Plans”) for additional information


For the nine months ended September 30, 2021
	Amounts Reclassified from
Details about Accumulated Other	Accumulated Other			Affected Line Item in the Statement
Comprehensive Loss Components	Comprehensive Loss			Where Net Income is Presented
(In thousands)

Unrealized losses on available for sale securities	$	113		Net loss on sale of securities
		(35)		Provision for income taxes
	$	78		Net of tax

Cash flow hedges:
Interest rate swaps	$	(7,883)		Interest expense
		2,458		Provision for income taxes
	$	(5,425)		Net of tax

Amortization of defined benefit pension items:
Actuarial losses	$	(375)	⁽¹⁾	Other operating expenses
Prior service credits		63	⁽¹⁾	Other operating expenses
		(312)		Total before tax
		97		Provision for income taxes
	$	(215)		Net of tax

(1)	These accumulated other comprehensive loss components are included in the computation of net periodic pension cost. See Note 9 (“Pension and Other Postretirement Benefit Plans”) for additional information